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AI regulation fears hit Asian stocks as KOSPI closes down 5.28%

NewsFeeds update

AI regulation worries pushed Japanese and South Korean shares lower, with the Nikkei 225 closing down 1.79% at 61,077.90 and the KOSPI down 5.28% at 5,383.65. The KOSDAQ fell 5.11%, sidecar mechanisms were triggered and programme trading was briefly halted; SK Hynix fell 9.45% and Samsung Electronics 7.56%.

MacroOdailyAINeutral

Read the original on Odaily

The story so far: KOSPI decline led by chipmakers

An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.

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  1. AI regulation fears hit Asian stocks as KOSPI closes down 5.28%

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